Sec. 4.10. CONTRACTOR'S BOND. (a) A contractor shall execute a bond in an amount determined by the board, not to exceed the contract price, payable to the district and approved by the board, conditioned on the faithful performance of the obligations, agreements, and covenants of the contract.
(b) The bond must provide that if the contractor defaults on the contract, the contractor will pay to the district all damages sustained as a result of the default. The bond shall be deposited in the district's depository, and a copy of the bond shall be kept in the district's office.
Structure Texas Statutes
Chapter 4A - Sanitation and Health Protection
Article 4477-7j. Gaines County Solid Waste Management Act
Article 4. District Powers and Duties
Section 4.01. General Powers and Duties
Section 4.02. Gifts, Grants, Loans, and Other Funds
Section 4.03. Consultation, Contracts, and Cooperation With Other Governmental Agencies and Entities
Section 4.04. Acquisition of Property
Section 4.06. Authority to Enter Into Construction, Renovation, and Repair Contracts
Section 4.07. Bids on Contracts
Section 4.08. Attachments to Contracts
Section 4.09. Execution and Availability of Contracts
Section 4.10. Contractor's Bond
Section 4.12. Payment for Work
Section 4.13. Contracts for Purchase of Vehicles, Equipment, and Supplies Over $15,000
Section 4.15. Right to Use Road Right-of-Way
Section 4.16. Fees and Charges
Section 4.17. Acquisition of Existing Facilities
Section 4.18. Solid Waste Resource Recovery Facilities
Section 4.19. Regulation of Solid Waste Management
Section 4.20. On-Site Sewage Disposal Systems